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  • ASX 200: +0.8% at 8021
  • Australian dollar:  -0.5% to 63.36 US cents 
  • Wall Street: Dow -1.7% S&P -2.2% Nasdaq -3.1%
  • Europe: Stoxx600 -0.2% DAX +0.3%
  • Spot gold: -0.4% % to $US3,331/ounce 
  • Brent crude: +0.8% to $US66.42/barrel 
  • Iron ore: -0.7% at $US98.05/tonne 
  • Bitcoin: +0.4% to $US84,607

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  • The stability of the currency
  • The maintenance of full employment, and
  • The economic prosperity and welfare of Australians


Recruiter Kris Viner (right) (ABC News: Scott Walker)

  • Under current conditions, the volume of world merchandise trade is likely to fall by -0.2% in 2025. The decline is expected to be particularly steep in North America, where exports are forecasted to drop by -12.6%.
  • However, severe downside risks exist, including the application of “reciprocal” tariffs and broader spillover of policy uncertainty, which could lead to an even sharper decline of -1.5% in global goods trade and hurt export-oriented least-developed countries.
  • The report contains for the first time a forecast for services trade to complement its projections for merchandise trade. The volume of services trade is forecasted to grow by +4.0% in 2025, around 1 percentage point less than expected.
What might have been, and what likely is (WTO)

  • ASX 200: +0.4% at 7993
  • Australian dollar:  -0.2% to 63.58 US cents 
  • Wall Street: Dow -1.7% S&P -2.2% Nasdaq -3.1%
  • Europe: Stoxx600 -0.2% DAX +0.3%
  • Spot gold: -0.2% % to $US3,337/ounce 
  • Brent crude: +0.7% to $US66.25/barrel 
  • Iron ore: -0.7% at $US98.05/tonne 
  • Bitcoin: +0.7% to $US84,647

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